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Five Stages of Saving and Investing

By henkhal16

  • Car

    Buying a car to get around

  • Checking Account (Put & Take Account)

    Getting a checking account for work

  • High School Graduation

    Graduation party

  • College Entry Fees

    Need to pay for first year of college and book fees etc...

  • Mutual Fund (Beginning to invest)

    Invest in a mutual fund to get more growth in money

  • College Graduation

    College graduation party

  • College

    Pay rest of college fees

  • Apartment

    Buy a seperate apartment to live on my own

  • Marriage

    Getting married

  • House

    Buy a house to live in with husband

  • Children

    Have children

  • Retirment fund (Systematic Investing)

    Set up a set amount that I save every month

  • Diversify (Strategic Investing)

    Diversify my portfoliio and invest in stocks or bonds

  • Cabin

    Take over bills for cabin up north

  • Trip

    Go to England

  • Retire

    I would retire from job

  • Invest (Speculative Investing)

    I would invest in more high risk things like penny stocks or collectibles.